Shared-Savings Change Order Sample Clauses

Shared-Savings Change Order. Unless otherwise provided in the GMP Amendment, no more than 30 days before final payment to the CM, the parties shall execute a Change Order to reduce the Contract Sum by an amount equal to (1) 100 percent of the funds then remaining in the CM’s Contingency plus (2) an associated reduction of the CM’s Fee in an amount equal to «insert CM Fee percentage from Section 3.5 of this Agreement» percent of the amount by which the Contract Sum is reduced on account of return of the CM’s Contingency. The CM shall propose the amount of the CM’s Fee as a part of the proposed GMP Amendment; provided, however, that the CM’s Fee shall not exceed an amount equal to the below-indicated percentage of the associated Cost of the Work plus the CM’s Contingency, both as identified by the CM in the proposed GMP Amendment: Phase CM’s Fee percentage «insert description» «insert percentage»% «insert description» «insert percentage»% «insert description» «insert percentage»% «insert description» «insert percentage»% If the parties cannot agree on a Contract Sum, the Contracting Authority may terminate the Contract for convenience. If the Contracting Authority thereafter decides to pursue the Project using the Multiple-Prime Contract with Construction Manager Adviser project-delivery method and to enter into a related construction-management agreement with the CM, the CM’s Fee under that contract shall not exceed «insert CM Adviser Fee percentage» percent. The Contracting Authority is not obligated to offer or enter into a Construction Manager Adviser contract with the CM for the Project. - Key Personnel The CM’s key personnel for the Project are: «insert name», Project Manager; «insert name», Lead Scheduling Engineer; «insert name», Lead Estimator; «insert name», General Superintendent. Edit the above list as appropriate for the project. The CM’s key personnel are authorized to act on the CM’s behalf with respect to the Project and all matters concerning the Project. - Consultants The CM’s Consultants for the Project are: «insert discipline»: «insert firm name» «insert firm address» «insert firm address» «insert consultant contact name, title» «insert consultant contact name, title» «insert consultant contact name, title» «insert discipline»: «insert firm name» «insert firm address» «insert firm address» «insert consultant contact name, title» «insert consultant contact name, title» «insert consultant contact name, title» Edit the above list as appropriate for the project. The CM m...
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Shared-Savings Change Order. Unless otherwise provided in the GMP Amendment, no more than 30 days before final payment to the DB, the parties shall execute a Change Order to reduce the Contract Sum by an amount equal to (1) one hundred percent (100%) of the funds then remaining in the DB’s Contingency plus (2) an associated reduction of the DB’s Fee in an amount equal to «insert DB Fee percentage from Section 3.6 of this Agreement» percent (x%) of the amount by which the Contract Sum is reduced on account of return of the DB’s Contingency.
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Shared-Savings Change Order. Unless otherwise provided in the GMP Amendment, no more than thirty (30) days before final payment to the CM, the parties shall execute a Change Order to reduce the Contract Sum by an amount equal to (1) one hundred percent (100%) of the funds then remaining in the CM’s Contingency plus (2) an associated reduction of the CM’s Fee in an amount equal to «insert CM Fee percentage from Section 3.5 of this Agreement» percent (x%) of the amount by which the Contract Sum is reduced on account of return of the CM’s Contingency.
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Shared-Savings Change Order. NoUnless otherwise provided in the GMP Amendment, no more than 30 days
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Related to Shared-Savings Change Order

  • For Lump Sum Change Order The payment and extension of time (if any) provided by this Change Order constitutes compensation in full to the Contractor and its Subcontractors and Suppliers for all costs and markups directly and indirectly attributable to the Change Order herein, for all delays related thereto and for performance of changes within the time stated.

  • Staffing Plan 8.l The Board and the Association agree that optimum class size is an important aspect of the effective educational program. The Polk County School Staffing Plan shall be constructed each year according to the procedures set forth in Board Policy and, upon adoption, shall become Board Policy.

  • Adjustment Plan (A) If the Employer introduces or intends to introduce a measure, policy, practice or change that affects the terms, conditions or security of employment of a significant number of employees by classification to whom the Collective Agreement applies;

  • Cost Savings Developer shall work cooperatively with Architect, Construction Manager, subcontractors and District, in good faith, to identify appropriate opportunities to reduce the Project costs and promote cost savings. Any identified cost savings from the Guaranteed Maximum Price shall be identified by Developer, and approved in writing by the District. In the event Developer realizes a savings on any aspect of the Project, such savings shall be added to the Contingency and expended consistent with the Contingency. In addition, any portion of Allowance remaining after completion of the Project shall be added to the Contingency. If any cost savings require revisions to the Construction Documents, Developer shall work with the District and Architect with respect to revising the Construction Documents and, if necessary, obtaining the approval of DSA with respect to those revisions. Developer shall be entitled to an adjustment of Contract Time for delay in completion caused by any cost savings adopted by District pursuant to Exhibit D, if requested in writing before the approval of the cost savings.

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority

  • Shift Changes When an employee is assigned to a specific shift and that assignment is changed, the employee shall be given seven (7) calendar days’ notice prior to the change.

  • Payroll Deduction Schedule The Board will deduct the representation fee in equal installments, as nearly as possible, from the paychecks paid to each employee on the aforesaid list during the remainder of the membership year in question. The deductions will begin with the first paycheck paid:

  • Classification Plan Revisions A. The Employer will provide to the Union, in writing, any proposed changes to the classification plan including descriptions for newly created classifications. Upon request of the Union, the Employer will bargain, in accordance with Article 37, Mandatory Subjects, the effect(s) of a change to an existing class or newly proposed classification.

  • Change Order (5) The Change Order is then submitted to the Project Manager who immediately processes the CO with OPC as required by Bulletin 3.5 and BGS’ Contracting Plan.

  • Termination/Changes We reserve the right, in our sole discretion, to discontinue the provision of your electronic Communications, or to terminate or change the terms and conditions on which we provide electronic Communications. We will provide you with notice of any such termination or change as required by law.

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